Bespoke Funding Program is a proprietary trading firm passionate about finding undiscovered talent in the prop trading sector. They aim to create exceptional funding opportunities for traders the world over by finding accessible ways for you to become a professional, funded trader managing your capital remotely. Traders have access to as much as $4,000,000 in funding capital and profit shares of up to 80%, achieved by trading commodities, cryptocurrencies, forex pairs and indices.
Bespoke Funding Program was recently incorporated, on 26th September 2022. Traders can choose from three funding programs: two different two-step evaluation programs and a one-step evaluation program. The firm has offices in London and partners with Eightcap as its broker. Traders are offered account sizes as high as $500,000 in balance and can take away up to 80% profit share.
Bespoke Funding’s headquarters are at Gemma House, Lilestone Street, London, NW8 8SS, UK. The company’s co-founders are Lewis Kaler and Zak Wilding; look out for further information we’ll post about them in the future!
Traders have a choice of three programs:
- Classic challenge accounts
- Rapid challenge accounts
- One-step challenge accounts
Bespoke Funding’s classic challenge account looks to find committed, skilled traders whose consistency in the two-stage evaluation period is rewarded. With this account, you can trade with 1:60 leverage.
|
Account Size |
Price |
|
$10,000 |
$129 |
|
$25,000 |
$239 |
|
$50,000 |
$329 |
|
$100,000 |
$529 |
|
$200,000 |
$949 |
|
$300,000 |
$1,409 |
|
$400,000 |
$1,879 |
The first evaluation period stipulates that traders achieve a profit target of 8% while keeping to their 5% maximum daily loss and 10% maximum loss rules. There are no maximum trading day limitations, so you have all the time you need to complete the first phase, though you do need to trade for a minimum of three trading days to be able to move to the second phase.
The second evaluation phase requires traders to achieve a profit target of 5%, again while keeping to their 5% maximum daily loss and 10% maximum loss rules. Similarly, there are no maximum trading day limitations, but you need to trade for a minimum of three trading days to be able to move to a funded account.
Once you have completed the two evaluation phases, you will be given a funded account without profit targets. The only requirement is to adhere to the 5% maximum daily loss and 10% maximum loss rules. The first payout is made two weeks from the day you place your first position on your funded account. All other withdrawals can be made twice weekly. Your profit split is 80%, dependent on the profit you make on your funded account.
Classic challenge account scaling plan
Classic challenge accounts come with a scaling plan. You need to receive a minimum payout of 8% over a period of four months, with at least three out of the four months being profitable. You will then have your account boosted by 40% of the initial account balance.
For example:
After four months, if you have a $200,000 account, your account balance will rise to $280,000.
After the next four months, your balance of $280,000 increases to $360,000.
And again, after the next four months, your balance of $360,000 increases to $440,000. Etc.
The trading instruments for the classic challenge accounts are forex pairs, cryptocurrencies, indices, and commodities.
Classic challenge account rules
- Profit target is a specific percentage of profit that a trader must acquire before completing an evaluation period, withdrawing profits, or scaling their account. Phase one’s profit target is 8% and phase two has a profit target of 5%. There are no profit targets for funded accounts.
- Maximum daily loss is the highest loss a trader can reach each day before the account is violated. The maximum daily loss for all accounts is 5%.
- Maximum loss is the highest loss a trader can reach in total before the account is violated. The maximum loss for all accounts is 10%.
- Minimum trading days is the shortest period for which you need to trade before you are able to complete an evaluation phase or request a withdrawal. Both phases have a minimum trading day specification of three days.
- Lot size limit necessitates traders to follow specified lot sizes for specific trading instruments. These are generally set dependent on the initial account balance of the prop firm account. The maximum lots that a trader can open across all pairs at any time, subject to their account size, is as follows:
-
- $10,000 – 4 lots
- $25,000 – 10 lots
- $50,000 – 20 lots
- $100,000 – 40 lots
- $200,000 – 80 lots
- $300,000 – 120 lots
- $400,000 – 160 lots
- No martingale allowed means traders cannot use any type of martingale approach while trading.
- Third-party copy trading risk means that traders who want to make use of copy trading services need to be aware that if using a third-party copy trading service, there are potentially other traders already using it and thus an identical trading strategy. As a result, using a third-party copy trading service means you risk being refused a funded account/withdrawal if you exceed the maximum capital allocation rule.
Third-party EA risk means that traders intending to use an EA should bear in mind that other traders may already be using it and so an identical trading strategy. This means that by using a third-party EA, you could be refused a funded account/withdrawal if you exceed the maximum capital allocation rule.
The rapid challenge account looks to find committed, skilled traders whose consistency in the two-stage evaluation period is rewarded. With this account, you can trade with 1:100 leverage.
Account Size | Price |
$10,000 | $99 |
$25,000 | $195 |
$50,000 | $304 |
$100,000 | $499 |
$200,000 | $919 |
$300,000 | $1,369 |
$400,000 | $1,849 |
The first evaluation period stipulates that traders achieve a profit target of 8% while keeping to their 5% maximum daily loss and 8% maximum loss rules. There are no minimum or maximum trading day requirements, so you have all the time you need to complete the first phase. Το move on to phase two, you just need to achieve the 8% profit target while sticking to the maximum daily loss and maximum loss limit rules.
The second evaluation period also stipulates that traders achieve a profit target of 8% while keeping to their 5% maximum daily loss and 8% maximum loss rules. There are no minimum or maximum trading day requirements, so again you have all the time you need to complete the second phase. Το move on to a funded account, you just need to achieve the 5% profit target while sticking to the maximum daily loss and maximum loss limit rules.
Once you have completed the two evaluation phases, you will be given a funded account without profit targets. The only requirement is to adhere to the 5% maximum daily loss and 10% maximum loss rules. The first payout is made two weeks from the day you place your first position on your funded account. All other withdrawals can be made twice weekly. Your profit split is 80%, dependent on the profit you make on your funded account.
Rapid challenge account scaling plan
Rapid challenge accounts also come with a scaling plan. You need to receive a minimum payout of 8% over a four-month period, with at least three out of the four months being profitable. You will then have your account boosted by 40% of the initial account balance.
For example:
After four months, if you have a $200,000 account, your account balance will rise to $280,000.
After the next four months, your balance of $280,000 increases to $360,000.
And again, after the next four months, your balance of $360,000 increases to $440,000. Etc.
The trading instruments for the rapid challenge accounts are forex pairs, cryptocurrencies, indices, and commodities.
Rapid challenge account rules
- Profit target is a specific percentage of profit that a trader must acquire before completing an evaluation period, withdrawing profits or scaling their account. Phase One’s profit target is 8% and phase two has a profit target of 5%. There are no profit targets for funded accounts.
- Maximum daily loss is the highest loss a trader can reach each day before the account is violated. The maximum daily loss for all accounts is 5%.
- Maximum loss is the highest loss a trader can reach in total before the account is violated. The maximum loss for all accounts is 8%.
- Minimum trading days is the shortest period for which you need to trade before you are able to complete an evaluation phase or request a withdrawal. Both phases have a minimum trading day specification of three days.
- Lot size limit necessitates traders to follow specified lot sizes for specific trading instruments. These are generally set dependent on the initial account balance of the prop firm account. The maximum lots that a trader can open across all pairs at any time, subject to their account size, is as follows:
- $10,000 – 4 lots
- $25,000 – 10 lots
- $50,000 – 20 lots
- $100,000 – 40 lots
- $200,000 – 80 lots
- $300,000 – 120 lots
- $400,000 – 160 lots
- No martingale allowed means traders cannot use any type of martingale approach while trading.
- Third-party copy trading risk means that traders who want to make use of copy trading services need to be aware that by using a third-party copy trading service, there are potentially other traders already using it and thus an identical trading strategy. As a result, using a third-party copy trading service means you risk being refused a funded account/withdrawal if you exceed the maximum capital allocation rule.
Third-party EA risk means that traders intending to use an EA should bear in mind that other traders may already be using it and so an identical trading strategy. This means that by using a third-party EA, you could be refused a funded account/withdrawal if you exceed the maximum capital allocation rule.
The one-step challenge account looks to find committed, skilled traders whose consistency in the one-stage evaluation period is rewarded. With this account, you can trade with 1:10 leverage.
Account Size | Price |
$50,000 | $315 |
$100,000 | $629 |
$200,000 | $1,249 |
$400,000 | $2,449 |
$500,000 | $2,979 |
The evaluation period stipulates that traders achieve a profit target of 10% while keeping to their 4% maximum daily loss and 5% maximum loss rules. There are no minimum or maximum trading day requirements, so you have all the time you need to complete the evaluation phase. To become funded, you just need to reach the profit target.
Once you have completed the evaluation period, you are given a funded account which has no profit targets. The only requirements are to adhere to the 4% maximum daily loss and 5% maximum loss rules. Your first payout can be requested whenever suits you, and all withdrawals thereafter can be submitted on a 30-calendar-day basis. Your profit share is 75%, dependent on the profit you make on your funded account.
One-step challenge scaling plan
One-step challenge accounts also come with a scaling plan. You need to receive a minimum payout of 8% over a four-month period, with at least three out of the four months being profitable. You will then have your account boosted by 40% of the initial account balance.
For example:
After four months, if you have a $200,000 account, your account balance will rise to $280,000.
After the next four months, your balance of $280,000 increases to $360,000.
And again, after the next four months, your balance of $360,000 increases to $440,000. Etc.
The trading instruments for the one-step challenge accounts are forex pairs, cryptocurrencies, indices, and commodities.
One-step challenge account rules
- Profit targetis a specific percentage of profit that a trader must acquire before completing an evaluation phase, withdrawing profits, or scaling their account. The one-step challenge has a profit target of 10%, and there are no profit targets for funded accounts.
- Maximum daily loss is the highest loss a trader can reach each day before the account is violated. The maximum daily loss for all accounts is 4%.
- Maximum loss is the highest loss a trader can reach in total before the account is violated. The maximum loss for all accounts is 5%.
- Minimum trading days is the shortest period for which you need to trade before you are able to complete an evaluation phase or request a withdrawal. Both phases have a minimum trading day specification of three days.
- Lot size limit necessitates traders to follow specified lot sizes for specific trading instruments. These are generally set dependent on the initial account balance of the prop firm account. The maximum lots that a trader can open across all pairs at any time, subject to their account size, is as follows:
- $10,000 – 4 lots
- $25,000 – 10 lots
- $50,000 – 20 lots
- $100,000 – 40 lots
- $200,000 – 80 lots
- $300,000 – 120 lots
- $400,000 – 160 lots
- No martingale allowed means traders cannot use any type of martingale approach while trading.
- Third-party copy trading risk means that traders who want to make use of copy trading services need to be aware that by using a third-party copy trading service, there are potentially other traders already using it and thus an identical trading strategy. As a result, using a third-party copy trading service means you risk being refused a funded account/withdrawal if you exceed the maximum capital allocation rule.
Third-party EA risk means that traders intending to use an EA should bear in mind that other traders may already be using it and so an identical trading strategy. This means that by using a third-party EA, you could be refused a funded account/withdrawal if you exceed the maximum capital allocation rule.
Traders using Bespoke Funding Program will also benefit from a range of other features such as:
- Balance-based drawdown, which in comparison to the normal equity-based drawdown works very well for profitable traders and swing traders.
- Traders who reach their profit targets during the evaluation phases will see an auto close feature that automatically closes all your trades when you have successfully qualified for the second phase or a funded account.
- With all funding programs and challenge phases, challenge credentials are instantaneous
- Payouts and the account reset are both processed within 24 hours, so traders can begin trading again within a 24-hour period.
Bespoke Funding stands apart from the majority of leading proprietary trading firms because it offers three different funding programs: Classic challenge, Rapid challenge, and One-step challenge accounts. The company places close to no restrictions on how you trade – they allow you to trade during news, to hold trades overnight and during the weekends. Traders just need to be aware of the lot size limit, and that the martingale trading strategy is banned.
Bespoke Funding classic challenge accounts necessitate that traders fulfil two phases before they qualify for payouts. The profit target is 8% in the first phase and 5% in the second, with 5% maximum daily and 10% maximum loss rules. Both phases also require a minimum of three days trading before you can become funded. Classic challenge accounts also have a scaling plan. In comparison with other leading proprietary trading firms, their profit targets are relatively low, and there are no maximum trading day requirements.
Rapid challenge accounts also require that traders fulfil two phases before they qualify for payouts. The profit target is 8% in the first phase and 5% in the second, with 5% maximum daily and 8% maximum loss rules. Again, there is no minimum trading days requirement in either phase, and rapid challenge accounts also have a scaling plan. In comparison with other leading proprietary trading firms, their profit targets are relatively low, and there are no minimum or maximum trading day requirements.
Bespoke Funding’s third funding program, the one-step challenge account, only requires traders to complete on phase before they qualify for payouts. There is a 10% profit target, and 4% maximum daily and 5% maximum loss rules. Significantly, there are no minimum or maximum trading day requirements during the evaluation period. This account also comes with a scaling plan. In comparison with other leading proprietary trading firms, maximum loss rules are average.
We can therefore say that Bespoke Funding Program differs from other firms in that it offers three different funding programs (classic challenge, rapid challenge, and one-step challenge), with relaxed trading rules and very few restrictions. You just need to be aware of the lot size limit, and that use of the martingale trading strategy is not allowed.
Is getting Bespoke Funding capital realistic?
When deciding which prop firm will most suit your forex trading style, it’s crucial to examine how realistic trading requirements are. For instance, a firm which offers a high percentage profit share on a highly funded account sounds appealing, but if they are expecting high percentage gains each month with low maximum drawdowns, the likelihood of you being successful are negligible.
The classic accounts have reasonably low profit targets (8% in the first phase and 5% in the second) and average maximum loss rules (5% maximum daily and 10% maximum loss), meaning receiving capital from them is realistic.
The same is true for the rapid challenge accounts, which also have reasonably low profit targets (8% in the first phase and 5% in the second) with just below average maximum loss rules (5% maximum daily and 8% maximum loss).
It’s also realistic to expect you’ll receive capital from the one-step challenge accounts, as they have an average profit target of 10% combined with maximum loss rules (4% maximum daily and 5% maximum loss) that are also average.
Taking all the above into consideration, we conclude that Bespoke Funding makes a good choice for getting funded: all three different funding programs offer realistic trading objectives and conditions to receive payouts.
Payment proof
Bespoke Funding was recently incorporated, on 26th September 2022. With both Classic and Rapid accounts, traders can take their first withdrawal after 14 calendar days, and payouts thereafter are made twice a week. With one-step challenge accounts traders are able to request their first withdrawal at any time, while the following payouts are made on a monthly basis. Once you become funded, there are no profit targets to qualify for a payout request (for any of the three funding programs).
Examples of payout proof are available on Bespoke Funding’s Discord channel (under the “Payout Proof” section), and we give some below:
Bespoke Funding partners with Eightcap, based in Melbourne, Australia, who are regulated by ASIC. The broker was established in 2009 with the straightforward objective of providing high-quality financial services to its clients. It has five offices globally and regulations in several locations enabling clients around the world to trade on markets across FX, Commodities, Shares, and Indices.
- Forex Trading
- CFD Trading
- Cryptocurrency Trading
- Social Trading/Copy-Trading
- A total of 326 Tradeable Symbols
- A total of 45 Forex Pairs
The broker has two different accounts: Raw and Standard, with their own commissions and fees. Fees for Standard accounts are built into a spread whereas those for Raw accounts are built into a commission. Traders should also be aware of the interest for holding an open position overnight in trading, known as the overnight fee. Eightcap is a MetaTrader only broker, offering both the MetaTrader 4 and the newer MetaTrader 5 platforms from MetaQuotes Software Corporation.
Eightcap provides a bespoke trading experience, their technology infrastructure is streamlined, and they were awarded the Best Global Forex MT4 Broker 2020 at the Global Forex awards.
Trading instruments
With Bespoke Funding, you can trade any products offered by EightCap. This includes forex pairs, indices, cryptocurrencies, and commodities with leverage ranging from 1:10 to 1:100, subject to your funding program.
Click here to find out the trading assets available with Eightcap.
To conclude, Bespoke Funding Program is a sound proprietary trading firm giving traders a choice of three different funding programs: Classic, Rapid, and One-step challenge accounts.
Classic challenge accounts are industry-standard two-stage evaluation challenges necessitating traders to complete two phases before becoming funded and qualifying to earn profit shares. The firm requires traders to achieve profit targets of 8% in the first phase and 5% in the second phase before becoming funded, which in light of the 5% maximum daily and 10% maximum loss rules are credible trading goals. With classic challenge accounts, you can earn an 80% profit share and can also scale your accounts.
Rapid challenge accounts are also industry-standard two-phase evaluation challenges necessitating traders to complete two stages before becoming funded and qualifying to earn profit shares. The firm requires traders to achieve profit targets of 8% in the first phase and 5% in the second phase before becoming funded, which considering the 5% maximum daily and 8% maximum loss rules are credible trading goals. With rapid challenge accounts, you can earn an 80% profit share and can also scale your accounts.
One-step challenge accounts are one-phase evaluation challenges requiring traders to complete only one evaluation phase before becoming funded and qualifying to earn profit shares. The firm requires traders to achieve profit targets of 10% in the evaluation phase before becoming funded, which in light of the 4% maximum daily and 5% maximum loss rules is a credible trading goal. With one-step challenge accounts, you can earn a 75% profit share and can also scale your accounts.
Bespoke Funding Program is recommendable to any trader searching for a prop firm with simple, clearcut trading rules. Traders just need to be aware of the lot size limitations and the ban on the martingale trading strategy. When taking into consideration all Bespoke Funding’s features, we feel certain they are an industry-leader.
